A son overlooked and a jailed tycoon: Inside Samsung's succession drama
The 57-year-old is the grandson of Samsung's founder.
According to Geoffrey Cain, the family is the "equivalent of royalty" in South Korea.
It's this manoeuvring that put Lee Jae-yong in jail.
His father had grown the company from a successful South Korean business to a global conglomerate.
In preparation for taking over, Lee Jae-yong had been through a series of top roles.
They were all linked together in an intricate spider's web of cross-shareholdings.
The other problem was that the family faced an enormous inheritance tax bill of more than $10bn (£7.
As the only son, Lee Jae-yong was chosen to lead Samsung when his father died.
While his father was seen as very aggressive and just very goal-oriented.
[Lee Jae-yong] was seen as more shy and quiet and cautious. "
Some say his sister was more capable, and he was criticised for not being ruthless enough.
He says he ran the company for seven years.
But whatever the truth, it was the youngest son - Lee Kun-hee - who was named as the heir in 1976.
It would be a decision that would ripple down the decades.
But there were more challenges to come.
According to him, Samsung was like so rotten that it made his job unbearable. "
It led to questions about what would happen to the company – and to South Korea's economy.
Especially since Lee Jae-yong was the person tipped to become the next chairman.
Suddenly the company looked leaderless.
He was technically a free man, but there was still a vacancy at the top of the Samsung tree.
How would the Lee family regain control?
Lee Kun-hee was eventually given a presidential pardon and returned as Samsung chairman.
But his problems weren't over.
It was a move that could derail the plan for the next generation.
Hear more on this story in the 10-part BBC World Service podcast Inheritance: Samsung.
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